Sentences with phrase «general insurer said»

An official of private general insurer said that they had approached Insurance Regulatory and Development Authority (IRDA) for increasing the travel insurance premium because of the rupee depreciation, as quoted by the resources.

On this issue, an official from a private general insurer said that unless auto sales show some improvement, the loss ratio in these segments will rise in the future, but added that the second half is likely to witness better growth.

In an update ahead of its interim results in August, the general insurer said that «significantly higher than expected claims activity» during the first five months of the year is expected to cause that division to report a first half combined operating ratio, a key measure of profitability, of around 110 per cent.

General insurers said though the hikes announced by the Irda would help them improve the loss ratio in the portfolio still they would be suffering underwrting losses — excess claim over premium income — in the third party motor portfolio.

General Insurers said since a large portion of the Indian marine fleets had an adverse loss experience, premium for reinsurance for these ships will rise substantially.

General insurers say premium on older ships would increase by as much as 40 per cent when the annual insurance renewal comes up in July 2006.

Not exact matches

«If these mergers were to take place, the competition among insurers that has pushed them to provide lower premiums, higher - quality care and better benefits would be eliminated,» Loretta E. Lynch, then the United States attorney general, said in July.

Jones says he recently renewed his call for insurers to offer insurance products for California's legalized cannabis industry in the wake of published reports that President Trump has abandoned Attorney General Jeff Sessions» policy on federal law enforcement of cannabis.

«Those of you who have attended these meetings in previous years will recall that my address typically includes a detailed discussion of the financial result and an update on the progress we have made to remediate and transform our business,» Mr Neal said at the insurer's annual general meeting in May.

«Global general insurer QBE disappointed again with another earnings downgrade, just when confidence was rebuilding in management's ability to return the previous market darling into the status of a well - run business, delivering consistent and good - quality earnings growth,» Morningstar analyst David Ellis said.

Commenting on the Met Office warnings of heavy rain in the north of England over Christmas Day and Boxing Day and the prospect of more flooding, Mark Shepherd, General Insurance Policy Manager at the Association of British Insurers (ABI), said: «Everyone hopes the flood waters stay away over the Christmas break, particularly for residents of Cumbria who have already seen their properties inundated more than once in the past few weeks.

Director General at the Association of British Insurers, Huw Evans, said: «Having worked with the previous Government on delivering sweeping reforms to the pensions market and on practical measures to reduce car insurance premiums and tackle flood risk, the insurance industry looks forward to a constructive relationship with the new Parliament.

Responding to the Government's announcement that it will develop a «pot follows member» design, Otto Thoresen, Director General, Association of British Insurers said:

Congratulating Theresa May on becoming Prime Minister, Huw Evans, Director General of the Association of British Insurers (ABI), said: «The appointment of our second woman Prime Minister is a positive day in British public life which will hopefully encourage many more women to stand for election to Parliament.

Responding to the Labour policy document on pension reform, Otto Thoresen, Director General, Association of British Insurers said:

Otto Thoresen, Director General at the Association of British Insurers said: «Solvency II represents the largest change to insurance regulation in a generation.

Otto Thoresen, Director General, Association of British Insurers, said: «Pension providers are committed to ensuring value for money, transparent pensions — average pension charges have been falling steadily over the last decade and are now at their lowest ever levels.

Commenting on today's announcement by the Office of Fair Trading (OFT) of a call for evidence into the cost of motor insurance, Otto Thoresen, the ABI's Director General, said: «This will give the industry another opportunity to highlight the cost pressures motor insurers are facing, what action is needed to reduce them, and steps the industry is taking to ensure customers get the best deal when buying motor insurance.

New York's attorney general has filed a lawsuit against an Albany - area health insurer that he says broke the law by denying coverage for expensive hepatitis C treatments until patients showed advanced symptoms of the disease such as moderate to severe liver scarring.

Such clauses have been successfully challenged by the U.S. in cases against companies including General Electric Co. and Westinghouse Electric Co., and Delta Dental Insurance Co., an insurer and service provider, Salop said.

Traveler's Insurance Company just tried to avoid liability for a general contractor's subcontractor work... nearly 20 years after the insurance industry itself specifically said GCs and their insurers were liable if «the damaged work or the work out of which the damage arises was performed on your behalf by a subcontractor.»

Sam says: «I believe RPC's Tyche software is very well placed to fill a major longstanding gap and provide a capital modelling solution for life and general insurers on a single platform.

Srinivasan also said that New India Assurance, alongwith the other three public general insurers is looking to get an in - principle approval from Insurance Regulatory and Development Authority (Irda) to set up an in - house third party administrator (TPA).

ALSO READ: Life insurers pip general insurers on premium growth in June quarter The saving is not «considerable», say financial planners.

V Manickam, Secretary General, Life Insurance Council, the industry body of life insurers in India said, «The Life Insurance industry would reinforce customer centricity at every step, be it creating awareness by improving financial literacy, need - based service & addressing effectively customer grievances etc..

«Oriental Insurance Company, United India Insurance, New India Assurance and National Insurance Company are the four government - owned general insurers providing the cover along with a private insurer,» the official said, adding the annual premium would be around Rs 40 lakh.

Private sector general insurer HDFC ERGO which plans to better industry growth this fiscal says retail health premium revision should be automatic.

Sure, you can buy a standalone policy that covers your physical items from one insurer, and then buy another policy, say for Commercial General Liability (CGL) from another, but the fact is if you buy all your business insurance needs from one insurer, you'll likely get the best price.

The public sector general insurer, New India Assurance Company Ltd, on Saturday said it has posted a net profit of Rs 617.28 crore for the quarter ended December 31, 2017.

CEO of a private general insurance company said that with more than two insurers offering cover for different divisions at the same airport, insurers will be able to expand their services.

Gaurang said that general insurers in order to retain the accounts give priority to group health insurance customers and at the retail level, individual customers are not in a position to take on the insurer.

Four public sector general insurers, namely New India Assurance, United India Insurance, National Insurance and Oriental Insurance have begun recruiting to appoint 1,500 officials and 5,000 clerks during the current financial year, industry sources said here on Monday.

Private general insurer Bajaj Allianz hopes to grow better than the industry average, which is likely to grow around 15 % in this fiscal amid slowdown, a top official has said.

Public sector general insurer United India Insurance has said it is looking to re-enter the overseas markets and will soon carry out a feasibility study to assess the business potential.

In a break - up of the data, regulator Irdai said there was a rise of 40 % in public general insurers» premium at Rs 6,279.31 crore in August, from Rs 4,489.63 crore in the same month a year ago.

We are suggesting that an insurer should prescribe a TPA in the first year but, when the policy goes for renewal, a policyholder should have an alternative,» Life Insurance Council Secretary General S B Mathur said.

V Manickam, secretary - general, Life Insurance Council, had earlier said insurers expected a positive outcome on this front from the regulator.

The authors don't really say, except to suggest, as Gaudiano did in a New York Times op - ed in September 2013, that therapists» indifference to evidence - based treatments creates an «image problem» for them among primary care physicians, insurers, policymakers, therapists themselves, and even the general public, which doesn't realize how much research stands behind the «good» (i.e., evidence - based) therapies.